BTC/USD: 4-hour

Stochastic is still heading higher and has a bit of room to climb before reaching overbought territory to signal that buyers are running out of steam. Turning back down could bring a return in bearish pressure and another dip back to the channel support.

ETH/USD: 4-hour

ETH/USD 4-hour Chart

Ethereum could also be looking at more upside as it finally broke out of its descending triangle pattern. This spans $195 to around $250 so the resulting climb could be of the same height.

However, stochastic is already closing in on the overbought zone to suggest that buyers are feeling exhausted. If sellers return, a pullback to the broken triangle top could be underway and more buyers might be waiting right there.

LTC/USD: 4-hour

LTC/USD 4-hour Chart

Litecoin found support at the bottom of its triangle pattern and has been able to sustain enough bullish momentum to push for a break past the resistance.

Stochastic is already turning south, though, so litecoin price might follow suit as sellers return. But if buyers keep putting up a strong fight, price could carry on with an uptrend that’s the same height as the triangle chart pattern.

XRP/USD: Daily

Price is now setting its sights higher as it gains more traction on its climb, possibly aiming for the Fibonacci extension levels next. The 38.2% Fib is just close by and might spur a bounce, although the swing high is closer to the 61.% level and the .7100 mark.

Just be warned, there is a considerable amount of risk in trading cryptocurrencies due to their inherent volatility and sensitivity to headlines. Be careful out there!

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This is the true story of one man, picked to live in front of his computer screen and find ways to make money from trading money. See what happens when markets stop being polite and start being real! Using charts, I show how current currency price action is playing out and chart patterns forming.

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